WOOL TRADE.

Auckland Star, Volume LXIX, Issue LXIX, 21 September 1938, Page 8

WOOL TRADE.

LONDON SALES OPEN

"BETTER THAN EXPECTED." STRONG COMPETITION". (Received 11 a.m.) LONDON, September 20. At the wool males 8529 bales were offered including 4385 New Zealand, and 7371 baloj were sold. The market opened better than was expected, owing to les* tension in the Juiropean situation. A fairly good selection was offered with competition active, and a good clearance was effected. Compared with the close of tlie laet eeriee Merinos wt-re unchanged ana occasionally easier. Others verv eteady.

Xew Zealand greasy croeebred, J.M L B%d. '

PRIVATE CABLES.

The Bank of New Zealand has received the tollowing advice from its London offi> e under date of September 20: "The sales have opened with strong competition and a large attendance of buyers. Compared with the cloee of last series prices for greasy crossbred., generally are unchanged." Messrs. Dalgety and Company. Limited report having received the following cable ~n° m thelr head office dated September London, 20th, wool sales opened here active, attendance large, selection good average, competition good, general: especially crossbred. Aβ compared with cloeing ealeg of last series:—Greasy Merino, scoured Merino par to five per cent lower, except scoured JVlerinon. short and faulty, seven per cent lower; greasy crossbred, fine, change if any in favour of buyere; greuey crossbred, medium and coarse, very firm, occasionally in favour of sellers; scoured crossbred, unchanged: slipes. lambs, fine slightly easier; slipes, other descriptions very firm. ANTWERP FUTURES. (Received 11 a.m.) ANTWERP. September 20. The Antwerp market for wool futures is steady. Quotations for 64"s dry combed tope are as follow, compared with previous rates:— Aug. Sept. Sept. Sppt 30 6 13 20 ' Perlb. Perlb. Ter lb. Prr lb. October .. 2% ->oi o ?>i nL r>pef«nbf?r .. 221 Sol ™* March .. SSI Si* 111 Hi